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Tag: UK


Industries, Others

Inflation in UK shops now back at ‘normal levels’ – as prices for some items fall

May 28, 2024

Via: Sky News

Overall annual shop price inflation eased to 0.6% in May, down from 0.8% in April, the British Retail Consortium (BRC) and NielsenIQ said. Non-food products remained in deflation – at -0.8% in May – a fall from -0.6% in the […]


Financial Services, Industries, News

UK and Switzerland to sign post-Brexit financial services deal

December 21, 2023

Via: CNBC

The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe’s largest banking centers closer together. British Finance Minister Jeremy Hunt is meeting with his Swiss counterpart, Karin Keller-Sutter, in Bern to […]


News

UK Shop Price Inflation Hits Fresh Record High: BRC

March 28, 2023

Via: Markets Insider

UK shop prices logged another record increase in March due to the historical growth in food and non-food prices, data from the British Retail Consortium showed Tuesday. The BRC- NielsenIQ shop price index increased 8.9 percent on a yearly basis […]


Industries, Others

RICS: UK property market remains downbeat but could be stabilising

March 9, 2023

Via: MoneyWeek

According to the latest data from the Royal Institute for Chartered Surveyors (RICS), the housing market in the UK remains weak. However, RICS’ report suggests green shoots of growth are appearing, which could support the market during the rest of […]


Industries, Manufacturing

UK Manufacturing Output Falls; Selling Price Inflation Expectations Slow: CBI

February 21, 2023

Via: Markets Insider

The UK manufacturing output declined in February at the fastest pace since September 2020 and selling price expectations slowed to the lowest since early 2021, survey data showed on Tuesday. A net balance of -16 percent of manufacturers said output […]


Industries, Others

Nationwide: UK house prices fall for the fifth consecutive month

February 1, 2023

Via: MoneyWeek

The property market’s slowdown continued into 2023 as house prices fell for the fifth month in a row, according to Nationwide’s latest house price index. House price growth slowed to 1.1% in January from 2.8% in December. Prices fell 0.6% […]


Industries, Retail & Wholesale

UK Retail Sales Volumes Fall At Faster Pace In January – CBI Survey

January 26, 2023

Via: Markets Insider

UK retail sales volumes dropped at a faster-than-expected pace at the start of the year, and retailers expect them to decline again next month, but at a slightly slower rate, survey data from the Confederation of British Industry, or CBI, […]


Industries, Others

UK house prices see their biggest December drop in four years

December 12, 2022

Via: MoneyWeek

The average asking price of UK homes fell 2.1% over the last month according to Rightmove’s house price index – the biggest December dip in four years. According to the online property portal, the average asking price of properties on […]


News

UK to ease financial regulations in post-Brexit shakeup

December 9, 2022

Via: ABC News

Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center. Treasury chief Jeremy Hunt said Friday that the changes, which follow Britain’s […]


Energy, Industries

UK increases windfall tax on profits of oil, gas companies

November 17, 2022

Via: ABC News

The British government was increasing the windfall tax on the profits of oil and natural gas companies in an emergency budget announced Thursday that was aimed at restoring the nation’s economic credibility and patching up its battered finances. Saying the […]


Industries, Others

UK service sector records fastest decline in activity since January 2021

October 24, 2022

Via: Sky News

The survey of 650 manufacturers and 650 service providers showed that growth was lower than expected and was at a level not seen since the financial crash, if the months of the pandemic are excluded. Scores below 50 on the […]


Energy, Industries

Discount given to households that cut peak-time energy use rises from 52p to £3

October 21, 2022

Via: Sky News

Households will now be paid £3 per kilowatt hour instead of 52p if they avoid high-power activities – such as cooking and using the washing machine – when demand is high during peak hours. The scheme is aimed at easing […]


News

UK scraps tax cut for wealthy that sparked market turmoil

October 3, 2022

Via: ABC News

The British government on Monday dropped plans to cut income tax for top earners, part of a package of unfunded cuts unveiled only days ago that sparked turmoil on financial markets and sent the pound to record lows. In a […]


Financial Services, Industries

UK central bank intervenes in market to halt economic crisis

September 28, 2022

Via: ABC News

The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the […]


News

UK slashes personal, corporate taxes in bid to spur growth

September 23, 2022

Via: ABC News

Britain’s new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a faltering economy. […]


Industries, Manufacturing

UK Manufacturers Expect Sharp Fall In Output In Months Ahead: CBI

September 21, 2022

Via: Markets Insider

UK manufacturers reported a marginal fall in production in the three months to September but they expect a much sharper decline over the coming three months, monthly Industrial Trends Survey from the Confederation of British Industry and Accenture showed Wednesday. […]


Industries, Manufacturing

UK manufacturing suffers steepest fall since May 2020

September 1, 2022

Via: Markets Insider

Last month’s output saw its largest contraction since the height of the pandemic in May 2020, according to the latest S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI). The index dropped to 47.3 from 52.1 in July – numbers above […]


News

UK house price growth holds steady – but warning of sharp fall ahead

September 1, 2022

Via: Sky News

House price growth fell to 10% last month, down from 11% in July, but actually increased when taking account of seasonal effects. Meanwhile, house prices have risen by almost £50,000 in two years. “There are signs that the housing market […]


Finance Tech, Trading

Short GBP/CHF on Worsening UK Fundamentals and a Motivated SNB: Top Trading Opportunities

July 11, 2022

Via: DailyFX

The Swiss Franc has emerged as a dark horse ever since the June 16th, 2022 rate meeting. Well, that is not entirely true, the Swiss National Bank (SNB) has a long history of surprise announcements with none more surprising than […]


Industries, Manufacturing

UK new car sales slump to worst June in 26 years

July 5, 2022

Via: Sky News

Registrations of new cars plummeted about 24% last month compared with June 2021, according to the Society of Motor Manufacturers and Traders (SMMT). Manufacturers have had problems fulfilling orders due to global shortages of semiconductors, the trade body said. The […]